The Facets Of Catholic Syrian Bank:

 

 

One of the veteran banks sprouting up in the early years of Swadeshi movement is the Catholic Syrian Bank. This particular landmark was motivated and stimulated by the need to have Swadeshi banks in the South of India. Hence, the eminent and foresighted founders built this bank at Thrissur in Kerala in 1920.

At present, Catholic Syrian Bank proudly boost for having about a 125 ATMs, 363 branches and a single extension counter. Get an account made for Catholic Syrian Bank and access the Catholic Syrian Bank Online services through which you can enjoy facilities like downloading proformas for housing loan application, protected disclosure schemes, know about the compensation policies and the grievances redressal policies. You can also view the Cheque Collection Policy and the bank’s Security Repossession Policy at the specified websites of the bank.

The Catholic Syrian Bank Personal Loan is available at a flexible basis with its designated terms and conditions at competitive rates. Both for salaried and self-employed persons, the loan amount can vary from Rs.50000 to Rs.2500000 at a minimum tenure of 12 months to a maximum tenure of 60 months. The duration of processing a loan is four days while the rate of interest on the loan is 15.75 %. The repayment period for the loan is maximum 5 years.

The Catholic Syrian Bank Home Loans are also available at quiet a competitive rate. For constructing or purchasing flats, a home loan from this bank is valuable. In urban sectors, the loan can be a maximum of Rs.50lakhs, while for rural sector it can only steep to Rs.25lakhs. The rate of interest is 9% up to a loan amount of Rs.30lakhs while it rises to 10% above a loan amount of Rs.25lakhs.

The home loan also has its specific margins. For renovations, constructions and maintenance, its 25% of the total cost while for purchase of ready made flats it is 25% and for purchase of land it is 70% on the purchase price.